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Oil
Crude Oil
EIA Raises USA Crude Oil Production Forecast
The U.S. Energy Information Administration (EIA) raised its U.S. crude oil production forecast for 2025 and 2026 in its latest short term energy outlook (STEO),…
Natural Gas
Northwind Midstream Advances Projects in New Mexico
Northwind Midstream Partners LLC said it has advanced several midstream projects in New Mexico, underpinned by long-term commitments and more than 165,000 dedic…
Renewable Diesel
UK Initiates Anti-dumping, Countervailing Investigations Into US Renewable Diesel Imports
The U.K. Trade Remedies Authority on March 17 announced it has initiated an anti-dumping investigation and a countervailing investigation into imports of hydrot…
Gas Pipeline
Brazil’s Government Wants Lower Prices for Natgas Pipeline and Processing, Minister Says
Brazil could cut prices for firms to access gas pipelines and natural gas processing units, in a bid to lower consumer prices, Brazil's Minister of Mines an…
Oil & Gas Trade
Venezuela’s PDVSA to Keep Producing, Exporting Oil Previously Handled by Chevron, Document Says
Venezuela's state-run PDVSA has put together three operational scenarios as part of a plan to continue producing and exporting oil at its largest joint vent…
LNG
Hanwha Ocean Wins W2.3tr LNG Carrier Order From Evergreen Marine of Taiwan
Hanwha Ocean Co. said Monday it has secured a 2.3 trillion-won ($1.59 billion) order from Evergreen Marine Corp. of Taiwan to build six ultra-large liquefied na…
Metal
Troilus Gold Secures $700M Financing Deal for Troilus Gold-Copper Project in Canada
Troilus Gold has secured a mandate with a syndicate of global lenders including Societe Generale, KfW IPEX-Bank and Export Development Canada for a project fina…
Oil&Gas Drilling
TechnipFMC Signs Deepwater Exploration Agreement With India’s Largest Private E&P Co.
Cairn Oil & Gas, part of Vedanta Group and India’s largest private oil and gas exploration and production company, has entered into a strategic alliance with T…
Crude Oil
Nigerian Player Sets Sights on Offshore Production Ramp-Up, Targeting 20+ Wells in 2025
Nigeria’s oil and gas company Seplat Energy aims to drive transformation in Nigeria, partly by increasing offshore oil and gas production in 2025.While speakin…
Biofuel
COSCO Boxship Duo Receives B24 Biofuel in Parallel Refueling Efforts
Two container vessels belonging to China’s state-owned giant COSCO Shipping Lines recently powered up with B24 marine biofuel oil at two separate ports, markin…
Oil&Gas Drilling
BP Plans to Explore for New Oil in Azeri Caspian Sea
BP (BP.L), plans to explore for new oil fields in the Azeri Caspian Sea, BP's upstream chief Gordon Birrell told.Logo of British Petrol BP is seen at petrol…
Oil&Gas Drilling
China Extends Subsidies for Unconventional Gas Drilling
China is extending a subsidy program to support unconventional natural gas drilling as it continues to push for new domestic supplies to ensure energy security.…
Geothermal Power Project
New Zealand Tissue and Toilet Paper Company Shifts to 100% Geothermal
Consumer goods company Essity has unveiled the world’s first tissue machine that operates purely on geothermal steam for drying at their paper mill facili…
Oil Shale
CERAWEEK Turkey to Develop Its Shale Fields With US Producer Continental Resources
Turkish national oil company TPAO has signed a joint venture agreement with U.S. oil producer Continental Resources to develop shale fields in the country&rsquo…
Biofuel
March WASDE Reduces Forecast for 2024-’25 Soybean Oil Use in Biofuel Production
The USDA reduced its forecast for 2024-’25 soybean oil use in biofuel production in its latest World Agricultural Supply and Demand Estimates report, rele…
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